Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Transactions and Balances with Related Parties (Tables)

v3.19.1
Transactions and Balances with Related Parties (Tables)
 12 Months Ended
Dec. 31, 2018
Transactions and Balances with Related Parties [Abstract]  
Schdule of transactions between related parties

    Year ended
December 31		  
    2016     2017     2018  
    NIS in thousands  
CEO’s salary*     2,010       1,988       2,129  
Share-based payments portion     1,066       455       793  
Remuneration of directors     1,214       613       1,057  
Share-based payments portion     558       279       627  
Number of directors     6       6       7  

 

Regarding benefits to other key management personnel—see C below.

 

* In accordance with the CEO’s employment agreement, the CEO will be eligible for a bonus based on qualitative criteria and parameters determined by the Company, which will amount to a maximum of four salaries, plus a special bonus based on the fulfillment of additional conditions.
Schedule of balances with related parties

 

    December 31  
    2017     2018  
    NIS in thousands  
For salary, incidentals and other benefits, the balance is stated in other payables under current liabilities     (577 )     (180 )

Schedule of benefits for key officers

    Year ended
December 31		  
    2016     2017     2018  
    NIS in thousands  
Salary and other short-term benefits     3,917       4,119       4,503  
Share-based payments     2,147       1,051       1,261  
      6,064       5,170       5,764  
Number of key managers     6       6       7 *

 

* Includes cost of salary to two former executive officers who ended their tenure during 2018.